Our team is officially back for @EthCC, and we have brought our prize wheel along for the event. We warmly invite you to drop by our booth on March 30 and March 31 to test your luck. Visitors will have the opportunity to take home a Camelbak or a custom Casio. Furthermore, we are fully stocked with bags and sunglasses for all of our guests, which guarantees that absolutely no one will leave empty-handed. While you are stopping by, we would also love to chat with you about onchain risk and other engaging topics.
Nexus Mutual has chosen not to list Venus Protocol, a decision driven directly by the platform having a five-year track record of loss events. This situation highlights an important step for anyone currently participating in a DeFi protocol: always verify whether the project has a history of multiple exploits.
Looking at Venus Protocol specifically, the system has endured five separate breaches since 2021. The latest incident took place on March 15th and resulted in $2.15M in bad debt. Notably, the attackers took advantage of a vulnerability that was previously flagged during a 2023 audit but was ultimately ignored.
An initial briefing regarding the Sunday situation at Resolv Protocol is now available to read. The analysis examines the core events, traces the ripple effect of the damage across the DeFi ecosystem, and outlines the specific protections provided by Nexus Mutual. Since this situation is still unfolding, we are committed to providing further updates as we gather more facts. You can find the direct link located in the comments section below.
Have you ever wondered how we select the assets that make up our capital pool? The deciding factor is always whether we can effortlessly convert those holdings into USDC to facilitate claim payouts. To ensure this happens smoothly, we closely examine the security grade, liquidity, and overall size of each potential asset.
While tokenization continues to introduce a variety of fresh alternatives, these foundational standards stay exactly the same. @HughKarp recently touched upon these very principles during a discussion with @symbioticfi.
We want to alert our community to a sudden increase in deceptive profiles pretending to be Nexus Mutual. To keep your information secure, please double check that you are engaging exclusively with our verified presence. If you ever feel doubtful about whether an account is truly ours, we encourage you to connect with our team directly at http://nexusmutual.io/contact. We value your security, so please remain vigilant and browse safely.
For anyone looking to expand their understanding of crypto risk, attending the panel at @ITI_Insurtech featuring our CLO @AniaWiktoria7 presents a truly exceptional learning occasion. It is highly recommended for those wanting to dive deeper into the subject. Furthermore, please feel free to send us a message if you wish to connect with our team to have a direct conversation about risk.